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Iran woos Indian Cos. for gas field
By agencies
|
Monday, 14 February 2005, 20:30 IST
NEW DELHI: Iran is wooing Indian companies to develop gas fields, which will export natural gas to India through a pipeline passing via Pakistan.
"We welcome Indian companies in the development of one of the phases of South Pars gas field," National Iranian Gas Export Company chairman M H Rahbari told reporters on the sidelines of the Third Asia Gas Buyers' Summit.
Rahbari, who is scheduled to hold discussion with Indian officials on the 2775-km Iran-Indian pipeline, said it would be constructed in five years' time.
On security of supplies through the pipeline, he said, "the pipeline is required by everybody. All partners need it and this is an assurance for safe delivery."
"We should not be worried about the security of supplies as it is more important for us and Pakistan to ensure safe delivery of gas," he added.
Pakistan will get 20 percent of the 75 million standard cubic meters per day of gas exports from Iran and also get a transit fee, he said.